Litecoin LTC is Making a Head and Shoulders

9 Tem 2019

Hello Traders,

Litecoin is forming an obvious Head and Shoulders. Validation of this chart pattern would be a break of the neckline with increased sell volume. If this happens then some targets are on the chart.

9 Tem 2019

Not

Every comment saying this is NOT a valid Head and Shoulders. A H+S pattern becomes valid on break of the neckline with increased sell volume.

10 Tem 2019

Not

Epic neckline break.

13 Tem 2019

Not

The 3.618 fib looks like a target to me. It lines up with the Daily 200 MA.

16 Tem 2019

Not

When the price broke the neckline the moves down look impulsive so I am expecting 5 waves down.

16 Tem 2019

Not

Got a wick in the box price range.